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GTCR to buy Pro One: Covert and Whall back in business

April 26, 2010Martha Entwistle

LAWRENCE, Kan., and CHICAGO—Jim Covert and Tim Whall will be back in the security business following the close of a $828 million deal, announced today, where private equity group GTCR acquires Protection One. “Jim will be a board member and serve as an advisor, and Tim will be the CEO,” said David Donnini, GTCR principal, who noted that GTCR has worked with Covert and Whall, notably with the Cambridge Protection and HSM deals, over the past 15 years. “We teamed up with Tim...

Barclays Capital, Barnes Associates, Cambridge Protection, David Donnini, GTCR, HSM, Jim Covert, John Mack, JP Morgan Chase Bank, Kirkland & Ellis LLP, Mark Gronowski, N.A., Protection One, Richard Ginsburg, Stanley, TCW/Crescent Mezzanine, Tim Whall